REI Lense

REI Lense

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$1,461 (target)

20261 Burt Rd, Detroit, MI 48219

3 beds • 2 baths • 1060 sqft

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This property looks like a bad Long-Term investment with a projected -2.52% first-year return on $27,174 initial cash invested.

-2.52%

Cash On Cash

6.55%

Cap Rate

1.02

DSCR

$1,461

Rent

-$57

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Cash Flow

$1,461 income − $1,518 expenses = $57 out of pocket

Income$1,461Out of Pocket$57Mortgage P&I$69047%Property Taxes$39227%Insurance$564%Management$14610%CapEx$735%Vacancy$886%Maintenance$735%

Investment Breakdown

|

Purchase Price

$129k

Downpayment

20.0%

Interest Rate

7.0%

Mortgage Duration

30yr.

Cash To Invest

Total

$27,174

Downpayment

20%

$25,880

Closing costs

1%

$1,294

Rehab

0%

$0

Furnishing

0%

$0

Cashflow

Total Income

$1,461

Total Expenses

$1,518

Mortgage P&I

47%

$690

Property Taxes

27%

$392

Home Insurance

4%

$56

HOA

0%

$0

Property Management

10%

$146

CapEx

5%

$73

Vacancy

6%

$88

Maintenance

5%

$73

Other

0%

$0

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